Comcast Announces $1000 Special Holiday Bonus To More Than 100K Employees

Posted - December 22 201701:37

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Comcast Announces $1000 Special Holiday Bonus To More Than 100K Employees

The President Donald Trump is expected to sign the bill in coming days. The stock market, as well, has risen on the belief the savings will largely go to investors, rather than workers.

AT&T says it will pay a $1,000 bonus to 200,000 workers once the tax bill passed Wednesday is signed into law. Also germane is the fact that the U.S. Justice Department recently sued AT&T in an effort to block its proposed merger with Time-Warner, on antitrust grounds.

"Our spokesperson made a mistake and we apologize for this", said Arati Randolph, director of internal communications at Wells Fargo.

The president suggested that other companies would be making similar announcements, saying "We're going to see something that's very special".

Based on the passage of tax reform and the FCC's action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees.

Boeing: $300 million in investments for employee training, better workplace infrastructure and corporate giving. FCC also announced auction to enhance broadband coverage in rural America.

Some of the cash windfall from corporate tax cuts is already trickling down to Main Street workers. Chicago-based Boeing, for example, had $8.8 billion at the end of 2016. Neither company needed a tax overhaul to make these investments possible.

When ISPs are asking the government for a specific policy change-such as the repeal of a regulation or a tax break-they are quick to claim that the desired policy will lead to more investment.

Wells Fargo, the San Francisco-based bank, would be a major beneficiary from the lower rates. Analysts estimate AT&T's net income will be close to $14 billion this year. The bank will also earmark $100 million of capital "and other resources" for small-business and community-focused lending.

After the story was published, Gilchrist contacted the news organization again to say a hike in minimum pay at Wells Fargo to $15 per hour came as a direct result of the tax bill approved by Congress this week.

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